France

French group Valorem has commissioned the ViIatti wind complex in Finland, made up of two farms totalling 313 MW and an estimated annual output of 1 TWh.
Chinese group Sinopec has launched a large-scale seismic imaging campaign across 3,000 km² in Mexico using nodal technology from Sercel, owned by Viridien, delivered in August to map areas with complex terrain.

Equinor, Shell and TotalEnergies launch the first subsea CO2 injection in Norway

The Northern Lights project has injected its first volume of CO2 under the North Sea, marking an industrial milestone for carbon transport and storage in Europe.
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French group Air Liquide strengthens its presence in Asia with the acquisition of South Korean DIG Airgas, a key player in industrial gases, in a strategic €2.85 billion deal.
Driven by grid flexibility demand and utility investments, the global containerized BESS market will grow at an annual rate of 20.9% through 2030.

France: the government asks EDF to reassess the sale of its subsidiary Exaion

The Ministry of Economy has asked EDF to reconsider the majority sale agreement of its technology subsidiary Exaion to the American group Mara, amid concerns related to technological sovereignty.
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First suspect linked to the Nord Stream pipeline explosions, a Ukrainian citizen challenged by Berlin opposes his judicial transfer from Italy.
The Revolution Wind project, already 80% complete, has been halted by the U.S. administration over national security concerns, creating major uncertainty in the sector.

European Refineries Targeted by Green Hydrogen Regulation for 2030

The European Union’s regulatory framework mandates green hydrogen integration in refineries, generating projected demand of 0.5 million tonnes by 2030.
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Developer Qair secures a loan from the Facility for Energy Inclusion to build a 5.8 MWp floating photovoltaic solar plant in Providence Lagoon, the first utility-scale project of its kind in Seychelles.
A Ukrainian national suspected of coordinating the Nord Stream pipeline sabotage has been apprehended in Italy, reigniting a judicial case with significant geopolitical implications across Europe.

Masdar completes financing for the 2 GW Al Sadawi solar project in Saudi Arabia

The consortium led by Masdar has secured approximately $1.1 billion in financing to build one of the world’s largest solar power plants in Saudi Arabia’s Eastern Province.
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Energiekontor launches a €15 million corporate bond at 5.5% over eight years, intended to finance wind and solar projects in Germany, the United Kingdom, France, and Portugal.
Eni sells nearly half of Eni CCUS Holding to GIP, consolidating a structure dedicated to carbon capture and storage projects across Europe.

TCL SunPower Global partners with Energia Italia to strengthen its network in Italy

TCL SunPower Global entrusts the distribution of its solar panels to Energia Italia, thereby consolidating its presence in the Italian market within a context of strategic restructuring.
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With an annual growth rate estimated at 10.11%, the global aviation fuel market could reach USD 751 billion by 2032, driven by increasing air traffic and new industrial partnerships.
Petrobras is holding talks with SBM Offshore and Modec to raise output from three strategic FPSOs, two already at full capacity, to capture more value from the high-potential pre-salt fields.

SNF acquires Obsidian Chemical Solutions and strengthens its foothold in the Permian Basin

SNF acquires Obsidian Chemical Solutions, a Texas-based SME specialized in chemical solutions for well completion. Transaction amount and conditions undisclosed, but the acquisition comes in a growing North American market.
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Transition Industries assigns Bonatti to build core infrastructure for Pacifico Mexinol, a strategic methanol complex in Mexico poised to become a major global player.
Equinix signed a preorder for 20 Kaleidos nuclear microreactors and a letter of intent for a power purchase agreement with ULC-Energy, reinforcing its energy supply strategy for its data centers.
Orano reports a threefold increase in annual profit, driven by strong Japanese demand and rising uranium prices. The company benefits from a robust recovery in its uranium supply contracts.
Lénéo, a major player in the energy sector, has announced a biogas production project at the former Tereos distillery site in Morains, a development that meets the growing demand for renewable energy.

Fusion Energy: A Record Plasma Duration Set in France

French researchers have achieved a new milestone in fusion experiments by recording a world record for plasma confinement duration, a crucial step toward harnessing fusion energy.
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Siemens Gamesa announces a €200 million investment to expand its Le Havre factory. The goal: to produce longer and more powerful wind turbine blades to remain competitive against China, the global leader in the sector.
The American investment fund KKR acquires an additional 5% stake in Enilive, Eni's bio-refining subsidiary, for €587.5 million. This transaction values the entire subsidiary at €11.75 billion and aligns with the Italian group's development strategy.

France Becomes Europe’s Leading Hub for Russian LNG Despite Restrictions

France’s imports of liquefied natural gas (LNG) from Russia surged by 81% between 2023 and 2024, reaching €2.68 billion. With its extensive port infrastructure, France has become the primary entry point for Russian LNG into Europe, marking a shift in the market landscape.
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France proposes the creation of a European Decarbonization and Electrification Bank to support industrial companies facing the costs of energy transition. The project, backed by Bercy, aims for long-term financing and will be discussed at upcoming European Council meetings.
Paris supports maintaining regulated electricity tariffs for households and very small businesses despite criticism from the Competition Authority. A report sent to Brussels highlights their role in stabilizing the market.

Veolia partners with Adnoc to optimize water management in the Emirates

Veolia has signed an agreement with Emirati oil company Adnoc to streamline water consumption at its industrial sites. This strategic partnership aims to improve resource management and aligns with the French group’s expansion strategy in the Middle East.
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TotalEnergies and ENI have reached an agreement with Cyprus and Egypt to develop the Cronos gas field. This initiative aims to convert the resources of Block 6 into liquefied natural gas (LNG) for the European market, utilizing existing Egyptian infrastructure.
A network of anti-competitive agreements and corruption surrounding electrification in Réunion is bringing eight individuals and two companies to trial in May. Practices that distorted public tenders have already led to several convictions and financial penalties.

TotalEnergies and Air Liquide invest one billion euros in hydrogen in the Netherlands

TotalEnergies and Air Liquide are strengthening their partnership in hydrogen in the Netherlands with the construction of two large-capacity electrolyzers. The investment exceeds one billion euros and aims to supply petrochemical platforms with decarbonized hydrogen.
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Volocopter, a major player in air mobility, partners with a French company to deploy electric flying taxis in Paris. This strategic partnership aims to transform urban mobility while addressing the economic challenges linked to technological transition.
Europe's energy transition is driving a structural transformation of the electricity grid, exposing the market to new vulnerabilities. A study by Compass Lexecon highlights three strategic levers to ensure supply stability amid geopolitical pressures and market volatility.

BNP Paribas and the EIB Mobilize €8 Billion for Wind Energy in Europe

BNP Paribas and the European Investment Bank (EIB) sign an agreement to stimulate up to €8 billion in investments in wind energy within the European Union. This initiative strengthens financing for wind projects and supports the European industry in the sector.
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The EVASTOCO2 study, led by the Directorate General for Energy and Climate (DGEC), reveals a potential geological CO2 storage capacity in metropolitan France estimated at 4.7 billion tonnes. These estimates align with the national strategy to develop the carbon capture and storage (CCUS) sector.
Air Liquide has signed a record volume of power purchase agreements (PPAs) in 2024, adding more than 2,500 GWh of low-carbon electricity to its supply. These long-term agreements cover several key markets and support the company’s energy modernization efforts.

Newcleo initiates land acquisition for its SMR reactor in France

Newcleo has started the land acquisition process for its LFR-AS-30 small modular reactor in western France. The Italian company continues its regulatory procedures and plans to commission its first reactor in France by 2031.
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Italian oil company Eni plans to continue its exploration activities at the Zohr gas field in Egypt for an additional two years. This decision comes as the site’s production has declined in recent years, impacting the country’s energy supply.
The French Energy Regulatory Commission (CRE) has imposed a €12 million fine on Equinor and Danske Commodities for market manipulation during gas transport auctions. Equinor disputes the decision and has announced its intention to appeal.